Edgar M. Purvis, Jr.
About Edgar M. Purvis, Jr.
Edgar M. “Ed” Purvis, Jr. (age 67) has served as an independent director of Enviri (NVRI) since February 2018; he chairs the Management Development & Compensation (MD&C) Committee and also serves on the Governance Committee. Purvis previously was EVP and Chief Operating Officer of Emerson Electric (2015–Nov 2017), after senior leadership roles at Emerson’s Climate Technologies division and earlier at Copeland Corporation; he holds BS and MS in Mechanical Engineering and an MBA, and brings deep operational, supply chain, IT, and strategic planning expertise to the board . The Board intends to elect Purvis as Independent Lead Director immediately after the 2025 Annual Meeting, succeeding David C. Everitt .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Emerson Electric Co. | Executive Vice President & Chief Operating Officer | Jan 2015 – Nov 2017 | Led day‑to‑day operations including financial reviews, global procurement, logistics, IT, product development, strategy . |
| Emerson Climate Technologies (division of Emerson) | Executive Vice President (prior to COO role) | Pre‑2015 | Operational oversight; strong business acumen and leadership to Board . |
| Copeland Corporation | Senior management roles (acquired by Emerson in 1986) | 1983 – 1986 | Industrial operations experience in HVAC components; integration experience post‑acquisition . |
| Air‑Conditioning, Heating and Refrigeration Institute | Former member, executive board | Not disclosed | Industry standards and policy exposure . |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| None disclosed in NVRI proxy biography | — | — | No other public company directorships listed for Purvis in NVRI’s director biography . |
Board Governance
- Independence: Purvis is affirmed independent under NYSE and SEC rules .
- Committee assignments (as of Mar 1, 2025): Chair, MD&C; Member, Governance .
- Lead Independent Director: Board intends to elect Purvis as Lead Independent Director immediately following the 2025 Annual Meeting; responsibilities include setting agenda and chairing executive sessions of independent directors and calling meetings of independent directors .
- Attendance: Board held nine meetings in FY2024; each director attended at least 75% of Board and applicable committee meetings; independent directors held five executive sessions in 2024 .
- Governance controls: Strong anti‑hedging and anti‑pledging policy for directors; significant stock ownership requirements; majority voting with resignation policy; ESG oversight delegated to Governance Committee .
Fixed Compensation
| Element | Program Value (2024) | Notes |
|---|---|---|
| Annual cash retainer | $75,000 | All non‑employee directors . |
| Lead Director retainer | $35,000 | In addition to annual retainer (applies when serving as Lead Director) . |
| Committee chair retainer (Audit/MD&C/Governance) | $17,500 | Paid in lieu of member retainer . |
| Committee member retainer (each committee) | $10,000 | Per committee . |
| Meeting fees (excess over baseline schedule) | $1,500 in‑person/telephonic Board & in‑person committee; $750 telephonic committee | Only for meetings beyond twice the number of regularly scheduled meetings . |
| Director | Fees Earned or Paid in Cash ($) | Year |
|---|---|---|
| Edgar M. Purvis, Jr. | $102,492 | 2024 |
Ownership guidelines: Directors must hold stock equal to 5x annual retainer; directors with ≥5 years of service were in compliance as of Dec 31, 2024 (includes Purvis, director since 2018) .
Performance Compensation
| Award Type | Grant Date | Shares/Units | Grant Date Fair Value ($) | Vesting | Terms |
|---|---|---|---|---|---|
| Restricted Stock Units (RSUs) | May 8, 2024 | 16,025 | $124,995 | Expected to vest on Apr 24, 2025 | One‑year cliff or next annual meeting; accelerated for death/disability/mandatory retirement; pro‑rata on other terminations; dividends credited post‑vesting . |
Director equity plan mechanics: RSUs granted under the 2016 Non‑Employee Directors’ Long‑Term Equity Compensation Plan; awards have minimum one‑year cliff vest; annual grant value targeted, subject to share pool availability; per‑participant annual cap $400,000 under proposed Amendment No. 3 .
Other Directorships & Interlocks
| Company | Role | Committee Roles | Status |
|---|---|---|---|
| None disclosed | — | — | No other public company boards listed for Purvis in NVRI’s proxy; compensation committee interlocks: none—no MD&C members (including Purvis) had Item 404 related-party relationships or served as NEOs of companies where NVRI executives are directors or compensation committee members . |
Expertise & Qualifications
- Education: BS Mechanical Engineering (University of Tennessee), MS Mechanical Engineering (University of Michigan–Dearborn), MBA (Capital University) .
- Technical/operational expertise: Oversight of financial reviews, global procurement, logistics, IT, product development, strategic planning at Emerson .
- Board skills: Business acumen; leadership in large industrial operations; ESG and governance oversight via Governance Committee service .
Equity Ownership
| Holder | Beneficial Shares | Percent of Class | Other Stock Equivalents | RSUs/Deferred Equity Held (as of 12/31/2024) |
|---|---|---|---|---|
| Edgar M. Purvis, Jr. | 90,520 | <1% | — | 16,025 |
Policy safeguards:
- Anti‑hedging: Prohibits short‑sales, options, collars, forward contracts, other hedges .
- Anti‑pledging: Prohibits pledging shares as collateral or in margin accounts .
- Related‑party oversight: Governance Committee reviews and approves material related‑person transactions; annual D&O questionnaires to identify conflicts .
Governance Assessment
- Strengths: Purvis is a long‑tenured independent director with deep industrial operating experience, currently chairs MD&C and is slated to become Lead Independent Director—improving independent oversight signal to investors . Attendance and independent executive sessions indicate engagement; ownership guideline compliance supports alignment; anti‑hedging/pledging policies reduce misalignment risk .
- Compensation oversight signals: As MD&C Chair, Purvis oversees an executive pay program that paid 0% on 2022–2024 PSUs due to TSR at the 4th percentile vs S&P 600 Industrials—evidence of pay‑for‑performance discipline despite weak stock performance .
- Conflicts and interlocks: No Item 404 related‑party transactions or committee interlocks disclosed; independence affirmed .
- RED FLAGS: None disclosed specific to Purvis; no pledging/hedging allowed; no related‑party transactions; board refresh underway with continued independent leadership strengthening .